2525 Broad StPhiladelphia, PA 19148

For Sale
$500,000

Prime location, high occupancy, strong income.

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional mixed-use property, located at 2525 S Broad St in Philadelphia, PA 19148, presents a compelling investment opportunity. The three-story, 2,536 square foot building, constructed in 1920, sits on a 1,600 square foot lot and is zoned CMX-2. Currently operating at 100% occupancy, the property boasts a thriving ground-floor tanning salon that has been successfully operating for many years. Above the salon are two one-bedroom apartments, each featuring a full kitchen and full tile bath, currently rented at $1,000 per month each. The basement contains the building's mechanicals and laundry facilities. The property features a sizable yard. The building has one gas meter and one heater servicing the entire building

Highlights

  • Single building heating system; landlord pays heat & gas.
  • Single gas meter.
  • Separate electric meter for first floor; landlord pays for second and third floor electricity.
  • Both upper units rent for $1,000/month.
  • Second floor unit features central air conditioning; third floor unit has window units.
  • Salon boasts 400-amp electrical service.

Property Details for 2525 Broad St

Property type
Other retail properties, Multifamily properties
Square Feet
2,536 SF
Year Built
1920
Stories
3

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9187051
Longitude
-75.1705939
2525 Broad St, Philadelphia, Pennsylvania

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2525 Broad St
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